Chief Economic Advisor Krishnamurthy Subramanian
Subramanian’s statement came before the monetary policy committee headed by Reserve Bank Governor Shaktikanta Das amended the policy framework and inflation target before March 31. The Reserve Bank was first targeted to keep inflation at four per cent (up or down two per cent) in June 2016. This will be the first review of the Reserve Bank since then.
Subramanian said at the virtual annual regional meeting organized by CII, Eastern Region, “Our focus should be on growth at this time. If we want to strike a balance between two opposite things, then we should be inclined towards growth. ”
On the goal of self-reliant India, the CEA said that the private sector should make ‘auspicious profit’ ie earnest profits and avoid profiteering. He cited a study of the healthcare sector for Ayushman India, saying that treatment in private hospitals cost 6-7 times that of government-run hospitals. The Chief Economic Advisor said the private sector investment cycle would begin . To support this, the government’s expenditure is necessary. He said that the government has started this, this will increase private investment.